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Episode 040: Dr. Ed Yardeni, host Rick Ferri

Bogleheads On Investing Podcast

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The Profit Motive Is the Source of Economic Prosperity

Profits is not a four letter word. Profits really are the source of economic prosperity. The profit motive drives businesses to provide the very best goods and services at the lowest price relative to the competitors. It's important that we don't corrupt the system with prony capitalism, with too much politics. We need to allow antrepeners to constantly come out of nowhere with better goods andservices at lower prices.

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